Canada's Encana says expects capex to drop $600 mln 2016

Dec 14 (Reuters) - Canadian oil and natural gas producer
Encana Corp , responding to a sharp drop in oil
prices, has cut its 2016 capital budget by $600 million compared
with 2015.

The company said on Monday it expected to produce an average
340,000-370,00 barrels of oil equivalent per day (boepd) in
2016. Of this, the company's core assets would produce an
average 260,000-280,000 (boepd).
(Reporting by Anet Josline Pinto in Bengaluru; Editing by Ted
Kerr)